Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products

Shares of the company were down more than 4% in extended trading on Wednesday, while Apple shares were flat.

Apple late Thursday beat Wall Street's targets for its fiscal third quarter ended June 27. But Apple stock fell on its weak sales outlook.

iPhone maker shrugs off global memory chip crunch with above-guidance margin